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Calculate the minimum required rate of return

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Reference no: EM133092244

Question - Happy Company reported the following information for 2027:

Selling price per unit $50

Variable costs per unit $21

Residual income $23,750

Margin 14%

Turnover 1.20

Units sold 15,000

Required - Calculate the minimum required rate of return for 2027.

Reference no: EM133092244

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